Blue Trust Inc. Boosts Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Blue Trust Inc. increased its stake in shares of The Kraft Heinz Company (NASDAQ:KHCFree Report) by 15.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,847 shares of the company’s stock after buying an additional 1,068 shares during the period. Blue Trust Inc.’s holdings in Kraft Heinz were worth $264,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. McGlone Suttner Wealth Management Inc. purchased a new stake in Kraft Heinz during the fourth quarter worth about $63,000. Uncommon Cents Investing LLC increased its stake in shares of Kraft Heinz by 8.2% in the fourth quarter. Uncommon Cents Investing LLC now owns 67,950 shares of the company’s stock worth $2,513,000 after purchasing an additional 5,130 shares in the last quarter. Highland Capital Management LLC increased its stake in shares of Kraft Heinz by 0.8% in the fourth quarter. Highland Capital Management LLC now owns 108,827 shares of the company’s stock worth $4,024,000 after purchasing an additional 830 shares in the last quarter. PFG Investments LLC increased its stake in shares of Kraft Heinz by 8.2% in the fourth quarter. PFG Investments LLC now owns 13,411 shares of the company’s stock worth $496,000 after purchasing an additional 1,017 shares in the last quarter. Finally, Alhambra Investment Management LLC purchased a new position in shares of Kraft Heinz in the fourth quarter worth about $467,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Up 1.0 %

Shares of Kraft Heinz stock opened at $36.90 on Monday. The Kraft Heinz Company has a 1 year low of $30.68 and a 1 year high of $41.47. The firm has a market cap of $44.86 billion, a PE ratio of 15.97, a PEG ratio of 2.92 and a beta of 0.67. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.99 and a quick ratio of 0.54. The company has a 50 day simple moving average of $35.93 and a two-hundred day simple moving average of $35.06.

Kraft Heinz (NASDAQ:KHCGet Free Report) last announced its earnings results on Wednesday, February 14th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. The business had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.99 billion. During the same period in the previous year, the business posted $0.85 earnings per share. Kraft Heinz’s revenue for the quarter was down 7.1% on a year-over-year basis. Analysts expect that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.34%. Kraft Heinz’s payout ratio is 69.26%.

Insider Transactions at Kraft Heinz

In related news, Director Miguel Patricio sold 131,500 shares of Kraft Heinz stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $38.02, for a total value of $4,999,630.00. Following the transaction, the director now directly owns 992,049 shares of the company’s stock, valued at $37,717,702.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on KHC. Evercore ISI upgraded shares of Kraft Heinz from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $40.00 to $42.00 in a research note on Monday, December 11th. Wells Fargo & Company reduced their target price on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a research note on Thursday, February 15th. Finally, Citigroup assumed coverage on shares of Kraft Heinz in a research report on Thursday, February 1st. They issued a “buy” rating and a $43.00 price objective for the company. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Kraft Heinz has an average rating of “Hold” and an average price target of $40.57.

View Our Latest Stock Analysis on Kraft Heinz

About Kraft Heinz

(Free Report)

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.

See Also

Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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